u.today
Today, U.S. President Donald Trump announced an 'executive order' to suspend immigration into the United State. Entrepreneur and investor Brendan Blumer explains why this has no relationship with combating the COVID-19 pandemic.
Xenophobic end
According to Mr. President, this order will protect jobs for Americans amidst the unprecedented growth of jobless claims caused by measures to stop the COVID-19 outbreak.
Brendan Blumer outlined that this solution won't help protect the economy from the aftermath of this 'Invisible Enemy' but will instead signal:
a xenophobic end to the foundation that enabled America’s success
Mr. Blumer also insists that U.S. authorities haven't exhausted remedies that have proven effective in Asian states that are far ahead of the U.S. in handling the pandemic.
Also, he is sure that the immigration ban won't help unemployed Americans get back to work. This issue would be solved only after 'bringing critical parts of the value chain back to the country'. Furthermore, the EOS.IO father admitted that the bar for foreign talent in the U.S. is already very high.
Time to leave?
Moreover, the immigration ban hides one more latent threat to the United States. The Block.one CEO foresees the exodus of companies that need to assemble international teams from U.S. jurisdictions.
As reported by U.Today, hedge fund manager and Bitcoin (BTC) advocate Mark Yusko also severely criticized the anti-immigrant solution announced by Mr. Trump. Just like Brendan Blumer, Mark Yusko outlined that this particular step 'is not just about the COVID-19 pandemic'.